# Zurich Insurance Company Comprehensive General and Automobile Liability Policy

**PLEASE READ THIS POLICY—GIVE NOTICE OF ACCIDENT AS SOON AS PRACTICABLE**

## Named Insured:
- **INTERNATIONAL BUSINESS MACHINES CORPORATE**
  - (SEE END. #1 ATTACHED)
  - 590 MADISON AVE.
  - NEW YORK CITY, N.Y.
- **Policy Period:**
  - From DEC. 31, 1963 to DEC. 31, 1964.

## Zurich Insurance Company
- **CHICAGO, ILLINOIS**
  - (A stock insurance company, herein called the company)

**Agrees with the insured, named in the declarations made a part hereof, in consideration of the payment of the premium and in reliance upon the statements in the declarations and subject to the limits of liability, exclusions, conditions and other terms of this policy:**

### INSURING AGREEMENTS

I. **Coverage A—Bodily Injury Liability:** To pay on behalf of the insured all sums which the insured shall become legally obligated to pay as damages because of bodily injury, sickness or disease, including death, sustained by any person and caused by accident.

II. **Coverage B—Property Damage Liability—Automobile:** To pay on behalf of the insured all sums which the insured shall become legally obligated to pay as damages because of loss of or damage to property of others arising out of the ownership, maintenance or use of any automobile.

III. **Coverage C—Property Damage Liability—Except Automobile:** To pay on behalf of the insured all sums which the insured shall become legally obligated to pay as damages because of injury to or destruction of property, including the loss thereof, caused by accident.

IV. **Defense, Settlement, Supplemental Payments:** With respect to such insurance afforded by this policy, the company will:

(a) defend any suit against the insured alleging such injury, sickness, disease or destruction and seeking damages on account thereof, even if such suit is groundless, false or fraudulent; but the company may make such investigation, negotiation and settlement of any claim or suit as it deems expedient;

(b) (1) pay all premiums on bonds to release attachments for amounts not exceeding the applicable limit of liability of this policy; all premiums on appeal bonds required in any such defended suit, the cost of bail bonds required of the insured in the event of automobile accident or automobile traffic violation during the policy period, not to exceed $100 per bail bond, but not for any other purpose, except as provided in this bond;

(2) pay all expenses incurred by the company, all costs taxed against the insured in any such suit and all interest accruing after entry of judgment until the company has paid or tendered or deposited in court such part of such judgment as does not exceed the limit of the company's liability thereon;

(3) pay expenses incurred by the insured for such immediate medical and surgical relief to others as shall be imperative at the time of the accident;

(4) reimburse the insured for all reasonable expenses, other than loss of earnings, incurred at the company's request; and all amounts so incurred, except settlements of claims and suits, are payable by the company in addition to the applicable limit of liability of this policy.

V. **Definition of Insured:** The unqualified word "insured" includes the named insured and also includes (1) under coverages A and C, except that the company shall not be liable for the payment of the cost of sustenance while away from premises owned, rented or controlled by the named insured or the ways immediately adjoining, any executive officer, director or stockholder thereof while acting within the scope of his duties as such, and any person or organization with respect to real property owned, rented or controlled by the named insured, and if the named insured is a partnership, the unqualified word "insured" also includes any partner therein but only with respect to the business of the partnership; (2) any covered automobile while using an owned automobile or a hired automobile and any person or organization legally responsible for the use thereof, provided the actual use thereof is authorized by the named insured; and (3) any employee of the named insured and any executive officer of the named insured with respect to the use of a non-owned automobile in the business of the named insured. The insurance with respect to any person or organization other than the named insured is subject to the provisions of this table of contents.

(a) with respect to an automobile while used with any trailer owned or hired by the insured and not covered by like insurance in the company or with respect to a trailer while being towed by an automobile or hired automobile covered by like insurance in the company;

(b) to any person or organization, or to any agent or employee thereof operating an automobile sales agency, repair shop, service station, storage yard or garage, or to any person or organization engaged in the operation of the same household as the named insured, to a partnership in which such resident or the named insured is a partner, or to any partner, agent or employee of such partnership;

(c) to any employee with respect to injury to or sickness, disease or death of another employee of the same employer injured in the course of such employment in an accident arising out of the maintenance or use of an automobile in the business of the named insured;

(d) with respect to any hired automobile, to the owner, or to a lessee thereof other than the named insured, or to any agent or employee of such owner or lessee;

(e) with respect to any non-owned automobile, to any executive officer of such automobile owned by him or a member of the same household.

VI. **Policy Period, Territory:** This policy applies only to accidents which occur during the policy period within the United States of America, its territories or possessions, or Canada. With respect to automobiles, this policy also applies to accidents which occur during the policy period while the automobile is being transported between ports thereof.